House Fees
Public card rooms typically charge a fee for conducting the game. The rake is the scaled commission fees taken by a casino operating a poker game. This fee structure is common in low-stakes cash games. For ring games, it is generally 5-10% of each poker hand, up to a predetermined maximum amount, such as 3% up to $3.00. This fee is sometimes referred to as the "drop" since the dealer will drop the rake into a container at the table. In California, rakes based on the size of the pot are not legal, so a fixed per-hand drop is assessed based on the betting limits at the table.
The casino may alternatively charge an hourly rate for renting a seat. This fee is referred to as a time fee, or simply "time." Time fees might be combined with a rake, but that is not common. Time fees are more common in mid or high stakes games.
For tournaments, the fee might be 10% of the buy-in, but can vary widely. The fee might or might not be spelled out clearly. Generally, a tournament will be advertised as "buy-in amount+fee". For example, "$100+$10" would have $100 going to the prize pool and an additional $10 going to the house as the fee for a total of $110 cost to the player.
Poker is a player versus player game (unlike blackjack or roulette) and the house has no interest in the money wagered. The rake, drop, or time fees provide the house's revenue.
Read more about this topic: Public Cardroom Rules
Famous quotes containing the word house:
“Ladies and gents. The time has passed. The time has passed. Got to be a better way. I say to you, can’t any longer, oh no, can’t any longer, play off black against old, young against poor.
This country cannot house its houseless. Feed its foodless. They’re demanding a government of the people. Peopled by people. Our faith. Our compassion. Our courage on the gridiron. The basic
indifference that made this country great.”
—Jeremy Larner, U.S. screenwriter, and Michael Ritchie. Bill McKay (Robert Redford)